Press Release – Century 21 New Zealand Well done to the Government on funding its housing initiatives, but for most first-home buyers Budget 2021 will make little difference, says one real estate boss. It brings to life measures the Government has already announced in recent months. However, …
Well done to the Government on funding its housing initiatives, but for most first-home buyers Budget 2021 will make little difference, says one real estate boss.
“It brings to life measures the Government has already announced in recent months. However, it does little to help young Kiwis pull together a deposit or secure a mortgage – both of which are increasingly difficult,” says Derryn Mayne, Owner of Century 21 New Zealand.
Thursday, 20 May 2021, 3:09 pm
Well done to the Government on funding its housing
initiatives, but for most first-home buyers Budget 2021 will
make little difference, says one real estate
boss.
“It brings to life measures the Government has
already announced in recent months. However, it does little
to help young Kiwis pull together a deposit or secure a
mortgage – both of which are increasingly difficult,”
says Derryn Mayne, Owner of Century 21 New
Zealand.
Her comments follow Finance Minister Grant
Robertson confirming today that Budget 2021 will help
deliver more housing supply, with a strong focus on lifting
Maori homeownership rates announced.
“Homeownership
rates for Maori have always been much lower than the rest of
“Despite the Government and Reserve Bank’s cooling measures in place since March, April’s numbers show the housing market remains too hot for most young Kiwis. Eyes will now be on Budget Day to see what action will be taken for desperate first-home .
Thursday, 13 May 2021, 3:51 pm
Nationwide
values increased by a further 3.1% over April according to
the latest CoreLogic House Price Index (HPI). While this
brings the annual growth rate to 18.4% up from 16.2% last
month, the annual measure is impacted by base affects. A
year ago, economic activity, including the housing market,
had stalled as the nation moved through the first COVID
related lockdown.
It may come as a surprise to see the
monthly pace of property value growth accelerate in April
after the Government introduced the phased removal of
interest deductibility for property investors, however it
may take another month or so for these changes to flow